Lok Co reports net sales of $5.786.000 for Year 2 and 58,516,000 for Year 3. End of year balances for total assets are Year 1 51515,000 Year 2.51825,000, and Year 3,51928,000, (1) Compute Loks total asset turnover for Year 2 and Year 3. Total Asset Turen Choose Numerator: Choose Denominator Total Asset Turnover Totalassotturnover Year 2 Year 3 1 Montana Mining Co pays $4,283,590 for an ore deposit containing 1436,000 tons. The company installs machinery in the mine costing $203,500, which will be abandoned when the ore is completely mined, Montana mines and sells 188,800 tons of ore during the year Prepare the year-end entries to record both the ore deposit depletion and the mining machinery depreciation Mining machinery depreciation should be in proportion to the mine's depletion (Do not round intermediate calculations. Round your final answers to the nearest whole number.) View transaction list Journal entry worksheet Record the year-end adjusting entry for the depletion expense of ore mine. Hote: Enter debits before credits General Journal Debit Date Dec 31 Credit Record entry Clear entry View general journal Montana Mining Co. pays $4,283,590 for an ore deposit containing 1.436,000 tons. The company installs machinery in the mine costing $203,500, which will be abandoned when the ore is completely mined. Montano mines and sells 188,800 tons of ore during the year Prepare the year-end entries to record both the ore deposit depletion and the mining machinery depreciation Mining machinery depreciation should be in proportion to the mine's depletion (Do not round intermediate calculations. Round your final answers to the nearest whole number.) View transaction list Journal entry worksheet 2 Record the year-end adjusting entry for the depreciation expense of the mining machinery Note: Enter debits before credits Dute General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Rodriguez Company pays $400,140 for real estate with land, land improvements, and a building, Land is appraised at $205,000, land improvements are appraised at $41,000, and a building is appraised at $164,000 Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet
